Rachel explains HMRC is targeting those in the short-term rental market so if you think you may have underdeclared your property income, now is the time to act.
Tax (Personal)
Start-up electric bike business have our experts on hand to support their growth journey
By understanding the business and its goals from the outset, Shaun explains how he has been able to bring in the right expert at the right time to help EDEMO Electric Bikes manage their rapid growth.
What tax allowances can I claim?
You may find that increases in your income push you into higher rates of tax or that ultimately you may see your tax liability increase, Adam explains what you can do to make the best use of your tax allowances.
Self-employed individuals and landlords given more time to prepare for MTD for ITSA
MTD was due to be phased in from April 2024, however, HMRC have announced some changes which are explained by Rachel.
Delayed Making Tax Digital for Income Tax and Self Assessment – who will it impact?
Rob explains the reason behind the delay along with some specifics about who and how individuals would be impacted.
Autumn Statement: Changes to Personal Tax
We outline the personal tax changes which will result in additional tax being paid by most individuals.
Autumn Statement: Changes to Tax on Electric Cars
Rachel provides detail about the changes to tax on electric vehicles concerning two main areas; road tax and benefit in kind.
Autumn Statement 2022 in summary
Following the new Chancellor’s first Autumn Statement, Rob provides a summary of the announcements made before we delve into the detail.
New Chancellor reverses almost all announced tax cuts
Rob summarises what some are saying is the biggest U turn in British History, following some significant announcements of U turns in policy last week.
Back to school – childcare vouchers versus tax-free childcare account
Rob explains more about the Government’s Tax-Free Childcare Accounts which provide a 25% subsidy towards the cost of childcare for which there continues to be a poor take up.
More estates are becoming subject to Inheritance Tax
Kate explains how a freeze of the IHT nil rate band thresholds for paying the tax until 2026, coupled with soaring house prices, is drawing unsuspecting estates into the realm of Inheritance Tax (IHT).
More details of MTD for Income Tax reporting
The accounting software will need to record and report income and expenditure in the same categories currently used for self-assessment as outlined by Rachel.
UK Tax Residency – new HMRC online tool
Kate shares details of a new tax residence indicator tool which HM Revenue & Customs have created to help customers to determine their tax residence status.
Welcomed news for divorcing couples
Kate shares details about the government announcement yesterday which gives some welcomed news for divorcing couples from 6 April 2023 onwards.
Capital Gains Tax on separation and divorce
Kate explains from a tax planning perspective what you need to be aware of as a married couple or civil partners who are separating.
Changes to the tier rates will affect GPs superannuation contributions
Ensure that the correct tiered rate is being used and that type 1 and type 2 pension certificates are submitted each year where necessary explains Terry.
Calling all Trustees – there are new obligations that you need to be aware of
Adam explains the existing obligations for taxable trusts and the requirement for new non-tax paying trusts to register and update trust records on the TRS.
Four useful tax planning tips for investments
Now is the perfect time to review your investments to ensure they as tax efficient as possible so Kate gives her top investment planning tips.
Top five tax planning tips for January
Kate explains how now is the perfect time to review your tax position and ensure that you are maximising all available tax reliefs for the current tax year.
Christmas is the time for giving
Kate explains the rules around gifting your assets in relation to IHT, CGT and trust planning.